Private Advisor Group LLC Acquires 2,498 Shares of Constellation Brands Inc (STZ)

Private Advisor Group LLC grew its holdings in Constellation Brands Inc (NYSE:STZ) by 25.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,404 shares of the company’s stock after buying an additional 2,498 shares during the period. Private Advisor Group LLC’s holdings in Constellation Brands were worth $2,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its position in shares of Constellation Brands by 50.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after buying an additional 193 shares during the last quarter. Hanson McClain Inc. raised its position in shares of Constellation Brands by 0.4% in the second quarter. Hanson McClain Inc. now owns 772 shares of the company’s stock valued at $149,000 after buying an additional 3 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Constellation Brands by 609.1% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 780 shares of the company’s stock valued at $151,000 after buying an additional 670 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Constellation Brands in the second quarter valued at about $157,000. Finally, Acrospire Investment Management LLC raised its position in shares of Constellation Brands by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $155,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 75.04% of the company’s stock.

Shares of Constellation Brands Inc (STZ) traded up $0.48 on Wednesday, hitting $216.82. 1,123,600 shares of the company’s stock were exchanged, compared to its average volume of 1,460,566. Constellation Brands Inc has a 1-year low of $144.00 and a 1-year high of $227.20. The firm has a market capitalization of $42,317.62, a PE ratio of 26.22, a PEG ratio of 1.39 and a beta of 0.08. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. equities analysts forecast that Constellation Brands Inc will post 8.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, November 6th. Constellation Brands’s dividend payout ratio is presently 23.85%.

In other Constellation Brands news, Director Barry A. Fromberg sold 2,500 shares of Constellation Brands stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total transaction of $520,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas J. Mullin sold 50,000 shares of Constellation Brands stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,662 shares of company stock valued at $15,564,585. Company insiders own 15.59% of the company’s stock.

STZ has been the subject of a number of recent research reports. Morgan Stanley increased their target price on shares of Constellation Brands from $218.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, October 6th. Royal Bank Of Canada restated a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Sunday, November 12th. Evercore ISI restated an “outperform” rating and set a $235.00 price objective (up from $230.00) on shares of Constellation Brands in a research report on Friday, October 6th. BidaskClub upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Finally, Citigroup restated a “neutral” rating and set a $232.00 price objective (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Constellation Brands currently has a consensus rating of “Buy” and a consensus target price of $216.00.

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Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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